The Dollar appears in trouble in the big-picture but that doesn’t mean it won’t have bounces; this could set traders up with opportunities to make bearish bets.
Bearish momentum sent USD/CAD last week to its lowest levels in nearly four months. Here are the key chart points to consider for a downtrend continuation or a possible correction.
The Euro has advanced to a three-month high against the US Dollar, but technical positioning warns that a downturn may be in the cards ahead.
Dollar May Bounce: EURUSD, USDCAD, GBPUSD Charts & More
The Dollar appears in trouble in the big-picture but that doesn’t mean it won’t have bounces; this could set traders up with opportunities to make bearish bets.
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Canadian Dollar Forecast: USD/CAD Price Eying a Test of the Weekly Support
Bearish momentum sent USD/CAD last week to its lowest levels in nearly four months. Here are the key chart points to consider for a downtrend continuation or a possible correction.
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EURUSD Chart Analysis: Euro May Turn Lower From 3-Month High
The Euro has advanced to a three-month high against the US Dollar, but technical positioning warns that a downturn may be in the cards ahead.
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Gold Price Hits Another 2019 High - Setup for Long-term Rally by XAU/USD
The gold price forecast is taking on a longer-term, bullish bias that might see significant gains over the coming months. There are a few key factors for the gold price rally.
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Copper price Upward Trend on Hold Before G20 Summit
Last week Copper printed its highest level in over 4 weeks however, the buyers started to pull back. Here are the key chart points to consider.
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Weekly Technical Forecast: Where to After a SPX Record, Gold 6-Year High, Dollar Breakdown?
There were a range of remarkable technical developments this past week across the financial spectrum. A jump in risk-leaning assets pushed the S&P 500 back into record territory but gold defied po...Continue Reading
EUR/JPY Price Outlook: How EURO May Rally against Japanese Yen
EUR/JPY might be on course to correct higher. Here are the levels the price needs to clear in order to move to the higher trading zone.
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Weekly Technical Forecast: Where to After a SPX Record, Gold 6-Year High, Dollar Breakdown?
There were a range of remarkable technical developments this past week across the financial spectrum. A jump in risk-leaning assets pushed the S&P 500 back into record territory but gold defied po...Continue Reading
Dollar’s Biggest Weekly Drop in 16 Months Breaks Year-Long Bull Trend
The Dollar dove this past week following a high-profile Fed rate decision with momentum hitting speeds last seen in February 2018. In the process, it seems key support levels have cracked.
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Oil Price Weekly Outlook: Crude Rebound Face First Test of Resistance
Oil prices have rallied more than 9% this week with the advance now testing initial resistance targets. These are the levels that matter on the WTI weekly chart.
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Sterling Weekly Technical Outlook: GBP/USD, GBP/JPY, EUR/GBP
The British Pound risks swinging in response to the latest Brexit headlines and speculation over the Prime Ministers successor. What key technical levels should be watched in spot GBP/USD, GBP/JPY and...Continue Reading
Australian Dollar Week Ahead: AUDUSD, AUDJPY Near-Term Reversals?
The Australian Dollar may see near-term gains versus the US Dollar and Japanese Yen, but the AUDUSD weekly chart hints downtrend resumption in the medium-term. AUDJPY eyes resistance.
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Euro Technical Forecast: EURUSD May Break Falling Wedge Pattern
The Euro found a bid last week, and on that it is once again flirting with a breakout of a large falling wedge pattern; a confirmed break could send it considerably higher.
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Gold Price Weekly Outlook: Gold Goes ’Boom’ – More Room for Rally?
It was a big week for Gold prices as the yellow metal gained almost 6%, extending its four-week-run to as much as 10.7% as global Central Banks pose a passive shift.
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US Dollar Index Weekly Price Outlook: USD Collapse Searches Support
The US Dollar Index is poised to mark an outside-weekly reversal with price now challenging the June range low. These are the levels that matter on the DXY weekly chart.
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Palladium Price: Bullish Move Could be Nearing its Final Stage
Palladium upward trend continues but with lower momentum. Here are the key levels the price needs to clear to carry on its bullish move.
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US Dollar Outlook: USD/CHF Price Action Controlled by Sellers for Now
Since the start of this week USD/CHF has lost nearly 2.6% of its value. Here is the price to consider for a possible continuation of the bearish momentum.
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AUDUSD Chart Analysis: Downtrend Expected to Resume After Bounce
The Australian Dollar has managed a tepid recovery against its US counterpart, but technical positioning continues to argue for a firmly bearish trend bias.
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FX Price Action Setups in EUR/USD, GBP/USD, USD/JPY and USD/CAD
Yesterday's FOMC meeting has brought large reverberations through global markets. The big question - can it continue?
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Brexit Latest: Tory Leadership Election Set - Boris Johnson versus Jeremy Hunt
Concerns about a no deal, hard Brexit persist as it looks increasingly likely that Boris Johnson will be the next Tory party leader and UK prime minister.
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Platinum Price: Stuck in a Sideways Pattern Important Levels to Know
This week platinum created a lower low, nonetheless continued trendless. Here are the levels the price has to consider to start a clear trend.
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Canadian Dollar Outlook: USD/CAD Selloff Might Continue Below This Price
Bearish momentum resumed sending the price lower after dovish clear signals from the Fed yesterday. Here are the relevant news and key levels for USD/CAD price
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EURUSD Chart Analysis: Choppy Trade Belies Bearish Trend Bias
The Euro bungled an upside reversal against the US Dollar, backsliding into an inconclusive range. Still, the dominant trend bias continues to favor weakness.
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Japanese Yen Technical Outlook: USD/JPY, EUR/JPY, GBP/JPY
While risk markets have come back to life in the month of June, the anti-risk Yen has continued to be bid. Is this highlighting a harboring theme of risk aversion that may soon return?
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